Reuters
- Apple's fiscal fourth-quarter report offered little bad news, with sales and profits surpassing analyst expectations.
- CEO Tim Cook's call with analysts offered additional detail around the company's strong trends, but also included a few warnings for what may threaten Apple's hot streak.
- Analysts' concerns around foreign exchange losses, TV Plus trial conversions, and trade-war expectations were the biggest worries following the third-quarter report.
- Watch Apple trade live here.
Apple's fiscal fourth-quarter report was rife with good news for worried investors.
The tech giant traded as much as 2.3% higher Thursday after beating estimates for both quarterly revenue and earnings. The company's bet on Services continued to pay off, and its Wearables sector is nearing the size of its older Mac business. iPhone revenue continued to fall, but positive trends for iPhone 11 sales partially offset the slowdown.
Yet CEO Tim Cook's Wednesday call with analysts included a few warnings for what may threaten the company's hot streak. Apple has kept sales strong amid recession warnings and the US-China trade war, but analysts had new worries to press the company's leadership on.
Here are the three biggest concerns mentioned in the fourth-quarter analyst call.